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Gold corrects from record highs amid stronger US Dollar and trade optimism
Gold (XAU/USD) drifts lower on Tuesday after retesting its record high near $4,380 on Monday. The pullback comes as the US Dollar (USD) extends its recovery gains and traders book partial profits following an overextended rally. At the time of writing, XAU/USD is trading around $4,255, trimming all of the previous day’s advance and down over 2% on the day. An improved risk appetite is weighing on the Bullion as investors show cautious optimism amid hopes of easing trade tensions between the United States (US) and China. Increasingly positive headlines have fueled expectations that the 100% tariffs US President ... (full story)
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